In addition, the Government cautiously recommended the NA consider and adopt the guideline on several specific mechanisms and policies to revive the economy in the new situation. Accordingly, the Government asked for the NA’s permission to proactively adjust the 2020 public investment plans among ministries, sectors and localities within the expenditure estimate on development investment; convert the investment mode for important transport projects from that of a public-private partnership to the use of the state budget; exempt and reduce a number of tax obligations concerning the areas and subjects suffering heavy losses due to COVID-19; postpone the increase of basic salary for civil servants, public employees and the armed forces and pensions from July 1, 2020; and consider launching new economic stimulus packages if the pandemic continues to be prolonged on a global scale. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30

A teller counts Vietnamese banknotes. Since the outbreak of the novel coronavirus, banks in HCMC have provided support for some 224,000 local firms and household businesses – PHOTO: VNA HCMC – Banks in HCMC have lowered their interest rates and rescheduled loans worth VND290.5 trillion (US$12.4 billion) for around 224,000 firms and household businesses reeling from the coronavirus pandemic. … [Read more...] about HCMC banks offer support for 224,000 virus-hit businesses

“The GSO has requested the Ministry of Agriculture and Rural Development and the Ministry of Industry and Trade to review prices from all stages from raising, purchasing, slaughtering and transporting the products to find the unreasonable factors in price formation and bring prices back to the true value.” — VNS … [Read more...] about Monthly CPI falls to lowest in five years

Canada’s Globe and Mail newswire has praised Vietnam’s COVID-19 fighting. (Photo for illustrastion: NDO) It stressed that Vietnam’s success was no accident. Its 1,450km border with China and frequent visitors from Wuhan, the site of the original outbreak in December and January, meant that Vietnam could have been overrun with cases. But it acted fast and did not wait for official warnings from the World Health Organization (WHO) before it closed its borders, locked down its economy and launched mass testing, tracing and quarantine measures. … [Read more...] about Canada newswire: Vietnam – standard in COVID-19 fight